Common use of Lien Status Clause in Contracts

Lien Status. None of this Amendment, nor any other documents or instruments delivered in connection herewith, constitutes the creation of a new loan or the extinguishment of the debt evidenced by the Note, nor will they in any way affect or impair the lien of the Security Instrument or the other Loan Documents, which Borrower hereby acknowledges to be a valid and existing first priority lien on the Property and on any other collateral described therein. ▇▇▇▇▇▇▇▇ agrees that the lien of the Security Instrument continues to be in full force and effect, unaffected and unimpaired by this Amendment, and that said lien shall so continue as a first priority lien until the Debt is fully discharged.

Appears in 3 contracts

Sources: Loan Agreement (IPC Alternative Real Estate Income Trust, Inc.), Loan Agreement (IPC Alternative Real Estate Income Trust, Inc.), Loan Agreement (IPC Alternative Real Estate Income Trust, Inc.)